Asian Clearing Union

An organization intended to provide a systematic way for transnational transactions in Asia to be settled. Eligible transactions are settled using an accounting currency equal to one U.S. dollar. A number of transactions are required to be settled through the Asian Currency Union, notably deferred-payment import/export transactions and direct transfers between residents of different member countries. It was established by the United Nations in 1974 and is based in Tehran, Iran.

单词	asian clearing union
释义	Asian Clearing Union Asian Clearing Union An organization intended to provide a systematic way for transnational transactions in Asia to be settled. Eligible transactions are settled using an accounting currency equal to one U.S. dollar. A number of transactions are required to be settled through the Asian Currency Union, notably deferred-payment import/export transactions and direct transfers between residents of different member countries. It was established by the United Nations in 1974 and is based in Tehran, Iran. AcronymsSeeACU
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